How to protect yourself from spoofing in the cryptocurrency market:
1. Analyze trading volume:
Check for large volumes of orders that appear and disappear quickly.
2. Avoid impulsive reactions:
Don't make decisions based on sudden and suspicious movements in the order book.
3. Observe market patterns:
Spoofing often creates price movements that do not reflect the overall market sentiment or the fundamentals of the coin.
4. Study the order book:
Compare buy and sell orders. Unusual patterns, such as many large orders being placed and quickly canceled, can indicate spoofing.
5. Diversify trading strategies:
Relying solely on technical indicators can make you more vulnerable to such manipulations.